Ghana's economy in a ditch and the next government will struggle — Joe Jackson

Financial Analyst Joe Jackson has predicted that Ghana's current economic challenges will pose difficulties for the incoming government.

Despite characterizing Ghana's economy as currently in a downturn, he remains hopeful, expressing optimism that the economy will eventually recover and emerge stronger.

Jackson emphasized that the country's economic situation resembles being in the ICU but believes the struggle could be mitigated without political considerations in the quest for the presidency.

In an interview on Accra-based Onua FM, he said The economy is in the ICU and we are not struggling to get out. For me, but for politics and power there would be no need for anyone to conest to become president because the next government will struggle.

He said John Mahama acknowledged the challenging nature of the task ahead, referring to it as a honeymoon.

While Jackson remains uncertain about Mahama's ability to deliver, he noted the acknowledgment of the tough work.

Additionally, he highlighted that the cedi-dollar relationship would have worsened significantly if not for the $600 million second tranche of the $3 billion funds received from the International Monetary Fund (IMF).

Read Full Story